What is the definition of Limitation of damages clause? | Dictionary.net

LIMITATION OF DAMAGES CLAUSE

\lˌɪmɪtˈe͡ɪʃən ɒv dˈamɪd͡ʒɪz klˈɔːz], \lˌɪmɪtˈe‍ɪʃən ɒv dˈamɪd‍ʒɪz klˈɔːz], \l_ˌɪ_m_ɪ_t_ˈeɪ_ʃ_ə_n ɒ_v d_ˈa_m_ɪ_dʒ_ɪ_z k_l_ˈɔː_z]\

Definitions of LIMITATION OF DAMAGES CLAUSE

1910 - Black's Law Dictionary (2nd edition)

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Contract statement setting a maximum amount for cost recovery from damages. In case either one of them is in breach of the contract a provision the parties to a contract agree on.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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